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VOL. 129 | NO. 206 | Wednesday, October 22, 2014

Frontier Adds Six Flights to Dallas

Frontier Airlines is adjusting its schedule at Memphis International Airport.

London Pipeline

UK opening of ‘Memphis’ could mean more visitors for Bluff City

In the background stands the Palace of Westminster. Or the House of Lords and the House of Commons, if you prefer. In the foreground, a London taxi bears the word “Memphis” in big white letters across a door, the “I” replaced by a red guitar.

Hybrid Pension Plan Resets Council Debate on Benefits

If it wasn’t apparent before, it became apparent Tuesday, Oct. 21, that the city’s effort to change the pension system of city employees is back at square one.

Wine Sales Debate Enters Stretch Run

Josh Hammond, the president of Buster’s Liquor and Wines, sums up the position he has to overcome in a word – convenience.

County Charts Quieter Course On Insurance

With less than two weeks to the open enrollment period for county employees, Shelby County Commissioners take a look at changes to county employee health care benefits Wednesday, Oct. 22, in committee sessions.

Local Weather
Today
Memphis, TN
52°F
Fair
Wind: 6 mph
Humidity: 77%

EVENTS

Talk Shoppe will meet Wednesday, Oct. 22, from 9 a.m. to 10 a.m. at the YMCA corporate office, 6373 Quail Hollow Road, suite 201. Shelley Baur, corporate trainer/coach and author of “Integrity-Based Communications,” will present “Conquer Fear, Speak With Confidence.” Cost is free. Visit talkshoppe.biz or call Jo Garner at 482-0354.

more events »

New Tech Group Formed to Expand Community

This year’s TechCamp Memphis event, which happens Nov. 1, will represent more than just a one-day conference for design, development and marketing professionals in the Memphis area.

Incentive Applications Lag Previous Years

Until a spate of activity this month, Memphis and Shelby County were on pace to tie a record-low for the number of payment-in-lieu-of-taxes agreements granted to companies in a year.

NEWSMAKERS

Minyard Joins Barge Waggoner

Tom Minyard, a 31-year veteran of the U.S. Army Corps of Engineers, has joined Barge, Waggoner, Sumner and Cannon Inc. as the civil works program manager. In his new role, Minyard’s responsibilities include the advancement of the firm’s strategic direction as it relates to its civil works program for local, state and federal governments. His areas of technical interest include flood risk reduction, navigation, ecosystem restoration and emergency response.

LOCAL COLUMNISTS

Avoid These Perils Of Unintentional Salespeople

If you are an owner or manager, odds are you are in sales to some degree – whether intentionally or not.

Presenting Mid-October Economic Snapshot

The heightened volatility month of October continued last week. On Wednesday alone, the Dow Jones Industrial Average moved nearly 460 points from its high point in the day to its low point (before closing in between). Granted, a 400-point move from a 16,000 altitude translates into much milder percentage moves when compared to a similar move off of a lower base, but with the number on CNBC constantly, it gives investors pause.

MEMPHIS AREA

Mississippi Renews Water-Rights Battle With Memphis

JACKSON, Miss. (AP) — The U.S Supreme Court is asking the Obama administration to weigh-in on whether to allow Mississippi to file a new lawsuit alleging Memphis is stealing water from the state.

STATEWIDE

Advocates Continue Call for Medicaid Expansion

NASHVILLE, Tenn. (AP) — Members of the state chapter of the NAACP and other health care advocates held a mock funeral across from the state Capitol on Tuesday to characterize lives they say will be lost if Medicaid is not expanded in Tennessee.

Chattanooga Airport Passed Over for Grant

CHATTANOOGA, Tenn. (AP) — Chattanooga Airport officials say they'll continue trying to recruit airlines for nonstop service between Chattanooga and New York and Houston after being rejected for a $750,000 federal grant.

REGIONAL

BancorpSouth Earnings Rise to $28.8 Million

TUPELO, Miss. (AP) — BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased.

Mississippi Payrolls Rise, Unemployment Rate Falls

JACKSON, Miss. (AP) — Mississippi's employers added 6,000 jobs to their payrolls in September and the state's unemployment rate fell again, although it remains the second-highest in the nation.

NATIONAL BUSINESS

Canadian Pacific CEO Says Rail Deal Possible

The CEO of Canadian Pacific thinks U.S. regulators would approve a well-structured railroad merger, but nothing is planned now that talks with CSX ended.

Unemployment Rates Fall in 31 US States Last Month

WASHINGTON (AP) — Unemployment rates fell in 31 U.S. states in September, including in many where incumbent governors and senators face tough re-election campaigns. The report is the final data on state unemployment before the Nov. 4 elections.

China Economy Grows at Slowest Pace in 5 Years

BEIJING (AP) — China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders' plans for a controlled slowdown.

REAL ESTATE

US Existing Home Sales Rise in September

WASHINGTON (AP) — U.S. homes sold in September at their fastest clip this year, a sign that the housing market is shaking off a slowdown that began in the middle of 2013.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 153 14,870
MORTGAGES 0 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 0 359 35,689
BANKRUPTCIES 0 121 14,155
BUSINESS LICENSES 0 86 5,077
UTILITY CONNECTIONS 0 170 21,603
MARRIAGE LICENSES 0 59 4,616

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